Representatives of 50 African countries, including 20 defence ministers & service chiefs, participated in India-Africa Defence Dialogue chaired by Rajnath Singh on sidelines of DefExpo.
Speaking on the sidelines of the exhibition, Defence Minister Rajnath Singh said the country had already 'managed to do defence exports worth Rs 8,000' in the first 6 months of this fiscal.
Russia and the US have been prominent players at previous defence exhibitions held in India. During the Aero India show last year, the biggest exhibitor was Ukraine.
PM Modi targets $5 billion in defence exports in next 5 years. If 'Make in India’ reaches its full potential, $10-15 billion is achievable in a decade.
Top Boeing official Thom Breckenridge said the aircraft will fulfill the Indian requirements and that they are in discussion with the Indian Navy for the trials.
The MoU, signed at DefExpo 2020, calls for manufacturing & selling of drones to Indian defence forces, paramilitary forces & central armed police forces.
The ministry will have little defence for the fiasco that the show is heading towards, with exaggerated numbers and important tenders set in the midst of it.
Industry says manufacturers have 2-4 weeks of buffer stocks, but prolonged disruption could push up shortage risks, especially of consumables like IV and syringes.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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